Dimensional Fund Advisors LP Increases Stock Position in First Western Financial, Inc. (NASDAQ:MYFW)

Dimensional Fund Advisors LP boosted its position in First Western Financial, Inc. (NASDAQ:MYFW - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 192,681 shares of the company's stock after purchasing an additional 14,435 shares during the period. Dimensional Fund Advisors LP owned about 1.99% of First Western Financial worth $3,767,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in MYFW. Curi RMB Capital LLC lifted its position in First Western Financial by 120.0% in the fourth quarter. Curi RMB Capital LLC now owns 196,656 shares of the company's stock valued at $3,845,000 after purchasing an additional 107,282 shares during the period. Rosenthal Henry Capital Advisors Inc. acquired a new stake in First Western Financial in the fourth quarter valued at about $1,162,000. Biltmore Family Office LLC acquired a new stake in First Western Financial in the fourth quarter valued at about $886,000. Tieton Capital Management LLC lifted its position in First Western Financial by 22.4% in the fourth quarter. Tieton Capital Management LLC now owns 184,612 shares of the company's stock valued at $3,609,000 after purchasing an additional 33,822 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in First Western Financial in the fourth quarter valued at about $489,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Insider Buying and Selling

In other First Western Financial news, CEO Scott C. Wylie sold 5,000 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $21.53, for a total value of $107,650.00. Following the completion of the transaction, the chief executive officer now directly owns 767,164 shares in the company, valued at approximately $16,517,040.92. The trade was a 0.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 15.50% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MYFW shares. Keefe, Bruyette & Woods lifted their price target on shares of First Western Financial from $24.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Piper Sandler lifted their price target on shares of First Western Financial from $21.50 to $22.50 and gave the company a "neutral" rating in a research report on Monday, April 28th. Finally, Hovde Group lifted their price target on shares of First Western Financial from $23.00 to $24.50 and gave the company an "outperform" rating in a research report on Monday, April 28th.

First Western Financial Price Performance

Shares of First Western Financial stock traded up $0.03 during trading on Friday, hitting $22.42. 80,120 shares of the company were exchanged, compared to its average volume of 27,245. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.46. First Western Financial, Inc. has a fifty-two week low of $15.54 and a fifty-two week high of $23.61. The stock has a market capitalization of $217.81 million, a price-to-earnings ratio of 25.77 and a beta of 0.82. The firm has a 50 day moving average price of $19.69 and a 200 day moving average price of $19.94.

First Western Financial (NASDAQ:MYFW - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.20. First Western Financial had a return on equity of 3.43% and a net margin of 4.70%. The firm had revenue of $24.80 million during the quarter, compared to the consensus estimate of $24.10 million. On average, equities analysts expect that First Western Financial, Inc. will post 1.5 earnings per share for the current fiscal year.

First Western Financial Company Profile

First Western Financial, Inc, a financial holding company, provides wealth advisory, private baking, personal trust, investment management, mortgage lending, and institutional asset management services. The company operates through two segments: Wealth Management and Mortgage. The Wealth Management segment provides deposit, loan, life insurance, and trust and investment management advisory products and services.